Mayfair Gold Corp. was incorporated in British Columbia, Canada on July 30, 2019. The Company is an exploration and development stage company focused on the exploration, development and operation of its wholly-owned Fenn-Gib project located in northeastern Ontario, Canada. 

Mayfair Gold Corp. (TSXV: MFG) (NYSE American: MINE) has reported progress on its summer exploration program and mine geology advancement. Highlights of the program include geological mapping, sampling, and geochemical surveys. The program aims to further the company's operational readiness.

Mayfair Gold

Mayfair Gold Reports Summer Exploration Program Progress, Mine Geology Advancements

Mayfair Gold Corp. appoints Desmond Tranquilla as Chief Projects Officer and Ruben Wallin as Senior Vice President, Sustainability. Tranquilla brings 35 years of experience in project development, construction, and operations, while Wallin has extensive experience in environmental approvals, permitting, and community engagement. The appointments come as the company advances the Fenn-Gib project through the Ontario government's One Project, One Process approvals process and aims for a construction decision in 2028.

Mayfair Gold Appoints Desmond Tranquilla as Chief Projects Officer and Ruben Wallin as Senior VP

Mayfair Gold Corp. (TSXV: MFG) (NYSE American: MINE) has announced the appointment of Drew Anwyll, P.Eng., as Chief Executive Officer, marking a strategic leadership shift as the company advances its Fenn-Gib Gold Project in Northern Ontario toward development. Anwyll, who previously served as COO, brings <a href="https://mayfairgold.ca/corporate/">over 30 years of experience</a> in the mining sector, both in Canada and internationally. His appointment follows a period of significant progress in engineering, permitting, and environmental baseline studies for the Fenn-Gib project, which is <a href="https://www.newswire.ca/news-releases/mayfair-gold-provides-q2-2026-update-on-fenn-gib-project-advancement-and-de-risking-activities-829159927.html">new Canadian gold producer</a>.The Fenn-Gib Gold Project, located within the Timmins Gold District, hosts a 4.3 million ounce indicated gold resource and is currently undergoing front-end engineering design with Ausenco as the lead engineering partner. The project is expected to produce 4,800 tonnes per day and is being developed under the Ontario Provincial Permitting pathway, with a <a href="https://mayfairgold.ca/corporate/">focus on minimizing upfront costs</a> and mitigating risk. During Q2 2026, Mayfair completed grade control drilling, geotechnical investigations, and condemnation drilling, all of which <a href="https://www.newswire.ca/news-releases/mayfair-gold-provides-q2-2026-update-on-fenn-gib-project-advancement-and-de-risking-activities-829159927.html">refining the project’s design</a> and de-risking key infrastructure assumptions.In parallel with technical and engineering efforts, Mayfair has been advancing environmental baseline studies and preparing for the One Project, One Process (1P1P) environmental approval submission. The company has also <a href="https://www.newswire.ca/news-releases/mayfair-gold-provides-q2-2026-update-on-fenn-gib-project-advancement-and-de-risking-activities-829159927.html">engaged with Indigenous communities</a> and local stakeholders to support the project’s social license to operate. Additionally, Mayfair has <a href="https://www.newswire.ca/news-releases/mayfair-gold-provides-q2-2026-update-on-fenn-gib-project-advancement-and-de-risking-activities-829159927.html">initiated early financing discussions</a> and is planning to submit the 1P1P application in the coming quarter.The company’s leadership team, including Anwyll as CEO, is focused on maintaining momentum across all work streams, including permitting, engineering, and community engagement, with the <a href="https://www.newswire.ca/news-releases/mayfair-gold-provides-q2-2026-update-on-fenn-gib-project-advancement-and-de-risking-activities-829159927.html">goal of commencing construction in 2028</a> and achieving initial production by 2030. Mayfair’s board of directors, composed of industry leaders with diverse expertise, <a href="https://mayfairgold.ca/corporate/">continues to oversee strategic direction</a>.As the Fenn-Gib project progresses toward development, Mayfair remains committed to responsible mining practices, environmental stewardship, and transparent corporate governance. The company’s approach emphasizes collaboration with Indigenous communities and local stakeholders, aligning with its <a href="https://mayfairgold.ca/corporate/">mission to create sustainable value</a> through responsible resource development.<img src="https://cdn.ainvest.com/aigc/hxcmp/images/compress-1d07b8614cd71001.png" alt="Mayfair Gold appoints chief projects officer and senior vice president, sustainability as Fenn-Gib advances toward development">

Mayfair Gold appoints chief projects officer and senior vice president, sustainability as Fenn-Gib advances toward development

Americas Gold and Silver (MINE) shares rose 10.37% in premarket trading after reporting Q2 2026 earnings results on August 14, 2026. The catalyst included a 71% year-over-year revenue increase to $46.3 million, improved operational metrics such as a 26% increase in silver production at Cosala, and a significant balance sheet improvement via the settlement of $76 million in variable metal price-linked obligations.

Americas Gold and Silver (MINE) rises 10.37% premarket after Q2 earnings and debt settlement

Mayfair Gold Corp. (NYSE American: MINE) (TSXV: MFG) provided an update on the Q2 2026 progress of the Fenn-Gib Gold Project in Northern Ontario, highlighting continued advancement and de-risking efforts across key workstreams. The project, located in the Timmins Gold District, remains on track for a potential construction decision in 2028, with <a href="https://mayfairgold.ca/fenn-gib-gold-project/">initial production anticipated by 2030</a>.Environmental baseline studies, initiated in 2023, have been consolidated and are being integrated into technical packages to support the upcoming application under Ontario’s One Project, One Process (1P1P) framework. The Company submitted a Notification of Project Status (NPS) in Q1 2026, signaling its intent to advance the project toward production and is now <a href="https://investingnews.com/mayfair-gold-provides-update-on-project-work-in-the-first-quarter-of-2026-advancing-and-derisking-the-fenn-gib-gold-project/">awaiting formal guidance from MEM</a>.Environmental assessment (EA) activities have been awarded to Egis Canada Ltd., which will lead the preparation of the provincial EA and coordinate with Indigenous communities and stakeholders. In parallel, the Company has initiated the environmental assessment process for the proposed Highway 101 realignment, with <a href="https://investingnews.com/mayfair-gold-provides-update-on-project-work-in-the-first-quarter-of-2026-advancing-and-derisking-the-fenn-gib-gold-project/">route evaluation and geotechnical field studies underway</a>.Front-End Engineering and Design (FEED) with Ausenco Engineering has progressed, focusing on refining the comminution circuit and flotation layouts. This work supports <a href="https://investingnews.com/mayfair-gold-provides-update-on-project-work-in-the-first-quarter-of-2026-advancing-and-derisking-the-fenn-gib-gold-project/">transition to detailed engineering</a>. The Company also advanced site investigations, including geotechnical drilling and pump testing, to <a href="https://investingnews.com/mayfair-gold-provides-update-on-project-work-in-the-first-quarter-of-2026-advancing-and-derisking-the-fenn-gib-gold-project/">refine hydrogeological models</a>.Metallurgical testing continues to provide critical data for plant design and operational optimization. The geology team is also finalizing an updated localized model based on the 2025 Mineral Resource Estimate (MRE) confirmation drilling program, which will <a href="https://investingnews.com/mayfair-gold-provides-update-on-project-work-in-the-first-quarter-of-2026-advancing-and-derisking-the-fenn-gib-gold-project/">inform future mine planning</a>.Power supply planning remains a key focus, with engagement ongoing with Hydro One Network and the Independent Electricity System Operator to define the preferred power-to-site solution. <a href="https://investingnews.com/mayfair-gold-provides-update-on-project-work-in-the-first-quarter-of-2026-advancing-and-derisking-the-fenn-gib-gold-project/">Additional open pit geotechnical drilling</a> is scheduled for Q3 2026 to enhance slope design accuracy and operational stability.Mayfair Gold is expanding its core team to support the permitting process and prepare for construction. The Company also announced a service agreement with Native Ads Inc. for a digital advertising campaign, with <a href="https://investingnews.com/mayfair-gold-provides-update-on-project-work-in-the-first-quarter-of-2026-advancing-and-derisking-the-fenn-gib-gold-project/">a budget of US$172,000</a>.The Fenn-Gib project, with an initial capital expenditure of $450 million, is expected to <a href="https://mayfairgold.ca/fenn-gib-gold-project/">generate $896 million in free cash flow</a>, based on a gold price of $3,100/oz. The project’s strategic focus on high-margin material and modular processing plant design aims to <a href="https://mayfairgold.ca/fenn-gib-gold-project/">reduce execution risk</a>.As the project advances, Mayfair Gold continues to prioritize environmental stewardship, community engagement, and regulatory compliance to ensure responsible development and long-term sustainability.<img src="https://cdn.ainvest.com/aigc/hxcmp/images/compress-1cde831572b4d002.png" alt="Mayfair Gold provides Q2 2026 update on Fenn-Gib project advancement and de-risking activities">

MINE News